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Question
A sale of Rs. 50,000 to A was entered as a sale to B. This is an example of ___________.
A sale of Rs. 50,000 to A was entered as a sale to B. This is an example of ___________.
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Solution
The correct option is C error of commission
When error has committed while posting, its called an error of commission. Sales of Rs.50000 to A is entered as sales to B, its an error of commission. There will be no affect on trial balance due to this. Rectification entry will be passed as under:
Mr. A Dr. 50000 To Mr. B 50000
When error has committed while posting, its called an error of commission.
Sales of Rs.50000 to A is entered as sales to B, its an error of commission. There will be no affect on trial balance due to this.
Rectification entry will be passed as under:
Mr. A Dr. 50000
To Mr. B 50000
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